DGAP-News: capsensixx AG: successful operational and positive results in 2018

capsensixx with successful operational and positive results in 2018

* Group EBITDA (adjusted for one-time effects) up to 8.84 million euros
* Set course for strong growth of coraixx
* Net Revenues for services of Axxion and Oaklet further increased
* Oaklet successfully launched its third-party service platform in 2018

Frankfurt am Main, 18 April 2019 - capsensixx AG (ISIN DE000A2G9M17), a leading provider of Financial Administration as a Service, has made important operational progress in 2018. These include the initial public offering of its shares in June 2018 and the expansion of its three business segments "Digitization & IT Services", "Capital Markets & Corporate Services" and "Funds Management, Administration & Accounting", which are represented by the subsidiaries coraixx, Oaklet and Axxion. According to IFRS, groups total revenue was just about EUR 116 million and thus almost at the level of the previous year despite the significant declines of major stock exchanges. Consolidated revenue includes, as standard, a significant amount of non-income management and performance fees accrued as transitory items on funds administrated by the Axxion. The cost of sales has fallen by 3%. The net income (after minority interest) in 2018 (in particular due to the costs of the IPO and the strong initial investments in "Digitization & IT Services") was around 1.27 million Euro after about 2.53 million Euro in 2017.

EBITDA in the Funds Management, Administration & Accounting segment increased by 14.2% year-on-year to EUR 7.5 million. The Capital Markets & Corporate Services division increased its EBITDA by 13.3% to EUR 1.841 million in the same period. Scheduled start-up costs for the new subsidiary coraixx (Digitization & IT Services) are reflected in negative EBITDA of TEUR -222.

The proceeds of the public offering amounting to approx. EUR 5.3 million will be invested as scheduled into the technology start-up coraixx. Coraixx, a capsensixx AG subsidiary, developed a software for automatic procession of documents and invoices for financial accounting based on artificial intelligence. Initially, both the administration and necessary infrastructure were implemented in 2018. The onboarding of personnel in the technical, programming, sales and administrative areas was a main focus of the management in the past financial year.

The subsidiaries Oaklet and Axxion recorded a very pleasing business development. For example, Oaklet has successfully expanded its customer services by launching its third-party business. For the first time, non-existing customers will be able to take advantage of Oaklet's securitization offerings and extensive structuring, back-office and compliance services.

Sven Ulbrich, CEO of capsensixx: "The year 2018 was a special year, celebrating our stock market debut in June. We continued to successfully expand our market position in all three segments and set the ground for future growth. With the course of the year 2018, we are accordingly very satisfied both strategically and economically. For the current financial year, we are confident to accelerate growth in all three segments. "

The consolidated financial statements will be available from 18 April 2019 (18:00 CET) on the homepage of capsensixx AG at: https://www.capsensixx.de/11-ir.html.

About capsensixx

capsenxixx is responsible for the administration, structuring and implementation of financial products of various asset classes and financial product flows in companies (Financial Administration as a Service). A high proportion of recurring revenues and profitable growth characterize the business model, where funds and alternative assets are the focus. In these areas, the subsidiaries Axxion (Kapitalverwaltungsgesellschaft) and Oaklet (specialists on securitisation) have a very strong market position in German-speaking countries. With the technology startup coraixx for the digitization of financial documents by use of artificial intelligence, capsensixx expands the value chain and opens up new business fields and customer groups with very significant growth potentials.

Further information can be found at www.capsensixx.de

Contact:

Media Relations
edicto GmbH
Axel Mühlhaus / Dr. Sönke Knop
Tel. +49 (0) 69 / 905505-52
E-Mail: capsensixx@edicto.de